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BITX vs ETCO

2x Bitcoin Strategy ETF vs Grayscale Ethereum Covered Call ETF

BITX

2x Bitcoin Strategy ETF

Volatility Shares Trust

Annual cost

2.38%

Fund size

$1.2B

ETCO

Grayscale Ethereum Covered Call ETF

Grayscale

Annual cost

0.01%

Fund size

$5M

Key differences

  • ETCO costs 2.37% less per year.
  • BITX is significantly larger than ETCO — larger funds tend to be more liquid and less likely to close.
  • BITX is classified as cryptocurrency, while ETCO is alternative — different risk/return profiles.
  • BITX follows a leveraged strategy; ETCO uses option income.

Side-by-side comparison

BITXETCO
Annual cost (TER)2.38%0.01%
Fund size (AUM)$1.2B$5M
Since20232025
Dividend yield26.48%
Asset classcryptocurrencyalternative
Regionnorth america
Strategyleveragedoption income
CAGR 1Y-65.7%N/A
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y86.13%
Max drawdown-77.88%-56.81%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to BITX and ETCO